U S Global Investors Inc. Invests $823,000 in Expand Energy Corporation $EXE

U S Global Investors Inc. acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) during the first quarter, Holdings Channel reports. The institutional investor acquired 7,500 shares of the company’s stock, valued at approximately $823,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Expand Energy in the first quarter valued at $2,599,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expand Energy in the 1st quarter valued at $208,000. Focus Partners Wealth bought a new stake in Expand Energy during the 1st quarter worth about $205,000. Geneos Wealth Management Inc. bought a new stake in Expand Energy during the 1st quarter worth about $79,000. Finally, Gamco Investors INC. ET AL bought a new stake in Expand Energy during the 2nd quarter worth about $757,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This represents a 28.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 4,000 shares of company stock worth $375,120 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. UBS Group decreased their price target on Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research note on Friday. Finally, Citigroup decreased their price target on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.78.

Expand Energy Stock Performance

EXE stock traded down $1.72 during trading hours on Friday, reaching $87.25. The stock had a trading volume of 6,305,713 shares, compared to its average volume of 3,791,264. The stock has a market capitalization of $20.87 billion, a PE ratio of 6.51 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day simple moving average of $92.37 and a 200 day simple moving average of $100.71. Expand Energy Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Analysts predict that Expand Energy Corporation will post 8.52 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

About Expand Energy

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.